Bora Pharmaceuticals Co., Ltd. is intensifying its presence in the rare disease treatment market by acquiring U.S.-based Pyros Pharmaceuticals, a company focused on specialized rare disease therapies. This acquisition, recently approved by Bora’s board of directors, positions Bora Pharmaceuticals to become a leader in addressing rare but critical medical conditions. Pyros Pharmaceuticals, co-founded by Michael Smith and Edwin Urrutia in 2017, gained recent attention with the launch of VIGAFYDE, a vigabatrin-based oral solution for treating infantile spasms in young children.

This acquisition marks Bora’s second major purchase in two years, following its 2023 acquisition of Upsher-Smith Laboratories and the 2022 acquisition of TWi Pharmaceuticals. These moves represent Bora’s broader strategy to solidify its role within both contract development and manufacturing (CDMO) and commercial prescription markets. Bora’s stock price has reflected investor enthusiasm for its growth strategy, with shares trading around NT$745 in late October 2024, marking a year-to-date increase of approximately 27%.

A breakthrough for infantile spasms treatment with VIGAFYDE

Infantile spasms, a severe and rare form of epilepsy affecting young children, represent a pressing challenge for families and healthcare providers. VIGAFYDE addresses this need with a premixed, ready-to-use vigabatrin oral solution, offering families a more manageable treatment option by reducing dosing errors. This solution is the first new product approved in the infantile spasm treatment space in over 15 years. The U.S. Food and Drug Administration approved VIGAFYDE in June 2024, with the product reaching patients in September 2024.

Bobby Sheng, Chairman and CEO of Bora Pharmaceuticals, emphasized the acquisition’s potential by highlighting Pyros Pharmaceuticals’ expertise in rare diseases and Upsher-Smith’s established reputation in pediatric central nervous system (CNS) care. Sheng indicated that the integration would help streamline processes, benefiting patients and advancing Bora’s strategic objectives.

Expert analysis on the significance of Bora’s acquisition strategy

Market analysts see the acquisition as a timely step in Bora’s expansion strategy. The combination of Pyros’ innovations with Bora’s resources and Upsher-Smith’s experience in pediatric care could place Bora in a unique position to lead the rare disease sector. By securing VIGAFYDE and exploring related treatment avenues, Bora Pharmaceuticals could enhance its foothold in the U.S. market, thus bolstering investor confidence and potential stock performance.

In conjunction with Bora’s recent stock performance and acquisition trajectory, industry experts anticipate further stock appreciation, reflecting investor sentiment favoring Bora’s continued strategic expansions and market reach.

  Bobby Sheng, Bora Pharmaceuticals, Edwin Urrutia, Michael Smith, Pyros Pharmaceuticals, Upsher-Smith Laboratories, VIGAFYDE